The European Commission has set a cap on greenhouse gas emissions from fossil fuels for road transport and heating buildings at just over a billion tonnes per year, starting in 2027. This new carbon market aims to drive up fuel prices unless demand is cut. The scheme is similar to the EU's existing emissions trading system (ETS) and targets sectors with high emissions. The cap will decrease annually to meet the EU's climate goals. Concerns about public backlash and the social impact of the ETS2 are highlighted, with a Social Climate Fund proposed to support vulnerable households. Teljes cikk (Euronews.com)